According to Oatley,the main reason that the East Asian model was so successful was that the Taiwanese and South Korean governments eliminated most import tariffs and non-tariff barriers.

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The success of the East Asian model, particularly in Taiwan and South Korea, was not primarily due to the elimination of most import tariffs and non-tariff barriers. Instead, it was largely attributed to a combination of government-led industrial policies, including targeted investments in specific sectors, export promotion, and the development of human capital, alongside maintaining certain protective measures to nurture domestic industries until they were competitive internationally.

According to Oatley,the Main Reason That the East Asian Model